Q Lotus Holdings, Inc. increases its focus on natural resources after completing an internal study of its silica claims in Oregon.

CHICAGO, June 5, 2013 /PRNewswire/ -- Q Lotus Holdings, Inc. (OTCBB: QLTS) ("Q Lotus")

After completing an internal study of the mining claims in which Q Lotus has interests, and following significant discussions amongst the Board Members and Company Consultants, Q Lotus has reached the conclusion that the Company will increase its focus on the natural resource business and move forward with its programs in establishing the best realizations of its mining interests, as well as enter into other endeavors in the natural resource area.

The Company completed an internal study of the silica mining claims (in which it has interests) located in Oregon.  The results are encouraging, and the Company is working with its relationships in Hong Kong and China to obtain further input in connection with realizing on its opportunities with the silica mining claim interests.  Based on the encouraging results, the Q Lotus Board of Directors determined that it would be wise for the Company to focus on its mineral assets, and define its business as a Resource Company with interests in Natural Resources, Mining, Finance, and Real Estate.

Q Lotus has interests in 26 mining claims (as previously reported in SEC Filings) located in Arizona, Utah, and Oregon.  These claims include mineral rights for gold, silver, platinum, silica, and other diversified mineral assets.

The Company is currently exploring various Joint Venture Relationships in connection with the mining and monetization of those mineral assets.

Q Lotus is examining plans and programs (as well as costs) to establish its own laboratory capabilities to evaluate the various opportunities in mining and natural resources that may be made available to the Company through its expanding sphere of relationships in the industry and other resources.

Q Lotus intends to establish a natural resource laboratory in Florida where the Company plans to situate its Mining Office Headquarters.  The Mining Operation will report to the Company's Global Head Quarters located at 20 N Wacker Dr, Suite 4120, Chicago, IL 60606.

The Company anticipates generating substantial capital through the efforts of its New York based Mining Claim Asset Backed Note Monetization Team, as well as through any actual mining activities it may initiate.

To be able to move forward with its full program in an efficient, well focused, and timely manner, Q Lotus has under consideration the possible offering of additional equity securities to raise initial funds in the neighborhood of approximately twenty million dollars ($20mm) which would fund the execution of its plan, and position the Company to build substantial business enterprises going forward.

Should those funds be raised, the uses of the funds would be as follows:

1. Further study and development of its existing mining claim interests
2. Acquisition of additional natural resource interest
3. Funding its previously announced asset based lending activities
4. Funding its previously announced real estate activities
5. General working capital

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This release contains forward-looking statements that are not statements of historical fact and may involve a number of risks and uncertainties. These statements relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. We have used the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project" and similar terms and phrases, including references to assumptions, in this release to identify forward-looking statements. These forward-looking statements are made based on expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control, that could cause our actual results to differ materially from those matters expressed in or implied by these forward-looking statements. You should keep in mind that any forward-looking statement made by us in this release or elsewhere speak only as of the date on which we make it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no duty to, and do not intend to, update or revise the forward-looking statements in this release after the date of this release, except as may be required by law. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may be disclosed from time to time in our SEC filings or otherwise.

Contact Information

Investor Relations Contact:
Information Solutions Group, LLC
Joseph Nacca
[email protected]
[email protected]  

SOURCE Q Lotus Holdings, Inc.